Aldoro confirms Namibian project as elite rare earth resource by global standards
ASX-listed Aldoro Resources has reported an increase in the mineral resource estimate (MRE) for its 85%-owned Kameelburg rare earths project, in Namibia, of 85% to 520-million tonnes of inferred resources grading 2.49% total rare earth oxides (TREO) equivalent.
The company says its Phase 1 drilling has elevated the project as a world-class deposit capable of delivering stable, long-life rare earth supply to strategic partners.
The upgraded MRE includes a high-grade zone of 271-million tonnes of resources grading 2.9% TREO.
The resource now contains more than one-million tonnes of neodymium praseodymium (NdPr) and niobium pentoxide.
The NdPr ratio of 21% is at the top end of global averages and substantially higher than ionic clay deposits.
Additionally, the NdPr ratio is benchmarked in the top quartile among mainstream hard-rock peers and is well suited as magnet feedstock. For example, the project is now considered a geological peer to the renowned Niobec/Saint-Honoré rare earth carbonatite deposit in Quebec, Canada.
The Kameelburg deposit remains open along strike to the east and west, as well as at depth. There is scope for a substantial increase in the resource and grade of the project, which Aldoro will investigate with a Phase 2 drilling campaign starting in October.
Aldoro will also start with geophysical and geochemical surveys on the adjacent tenement to Kameelburg in October, with a focus on defining high-grade rare earth targets.
Aldoro confirms Kameelburg is now the largest rare earths and niobium project in Africa and among the top three assets of its kind globally.
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